It is often assumed that the goal of the firm is to maximize profits for its...

It is often assumed that the goal of the firm is to maximize profits for its owners, the shareholders. Is the firm’s goal of profit maximization always in society’s best interests? Be sure to defend your answer and cite your sources.

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Profit maximization is eccential for any firm or organization for its shareholders are owners but this is not in cost of society. If any product is made by any firm and that is harmfull for the society so the product cannot be produced or permit to produced at the cost of society.

Many times the govenment and govenment agencies can ban many product just it is harmful to the people or society at the same time government should not look the profitability of the product.

So as per the above the goal of the firm is to maximize profits for its owners, the shareholders but it is not at cost of society.

jeff jeffy answered 1 year ago

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